Tagged: Bitcoin News

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A Billion People Will Be Using Cryptocurrency in 5 Years: Brian Armstrong

The world of money is revolutionizing in front of our eyes. Cryptocurrency is creating new paradigms for alternative payment systems and decentralized banking. There is no doubt that the user adoption of various cryptocurrencies is rapidly increasing. The cryptocurrency industry has become more fluid as the borders between it and mainstream finance continue to blur. At the same time, regulators are spending long hours at work to regulate the booming circle of crypto-enthusiasts. It could be one of the prime reasons why Brian...

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Cannabis IPO Changed Its Mind Regarding Bitcoin

The New York-based magazineHigh Times, famed for its pro-cannabis approach, now announced that they would not accept bitcoin in their upcoming initial public offering (IPO) that seeks to raise up to USD 50 million. The company had previously said that they hope the addition of cryptocurrencies will “enable a much broader group of investors worldwide” to participate. The cryptocurrencies that the company meant to accept were bitcoin and ether. In a filing with the US Securities and Exchange Commission, High Times clarified that the announcement...

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South Korea Crypto Industry More Optimistic Than Ever

Throughout the past two months, investors in the local crypto market of South Korea have continuously expressed their optimism towards a drastic change in the regulatory landscape of crypto. Since early February, the crypto market has endured the third-worst correction in its history, experiencing a 78 percent decline in price. Despite the bear market, the cryptocurrency industry of South Korea has seen significant progress pertaining to regulation and adoption. Crypto Will Soon be a Legitimate Industry in South Korea Due to the extreme...

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Venezuela Looking to Launch a Central Bank for Cryptocurrencies

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court. According to Reuters, information on the development was provided by Hermann Escarrá, which the outlet describes as “one of the most influential members of the assembly that prepares the changes to the 1999 Constitution.” A draft of the changes to the country’s Constitution is set to be presented in...

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Playboy Sues Cryptocurrency Company for Breach of Contract

Playboy Enterprises, the parent company of Playboy Magazine, is suing cryptocurrency company Global Blockchain Technologies (GBT) on allegations of fraud and breach of contract, according to a report from L.A. Times. The company had announced a partnership with GBT earlier in March, upon revealing that it was developing an online payment wallet with cryptocurrency support across its chain of businesses. The idea was to trial the adoption of a new cryptocurrency called Vice Industry Token (VIT) with a new wallet on Playboy.TV before expanding to other entertainment media...